The procedure for filing income tax returns with the Dian if you use electronic wallets

In recent years, the introduction of electronic wallets has become very common when making transactions. While they are easier to use, this situation does not prevent citizens from having to file income tax returns with the National Tax and Customs Directorate (DIAN). What are the points to consider?

Through a video that was published on its official X account (previously known as Twitter), the entity stressed that a taxpayer has to carry out this procedure considering the annual limits that the authorities presented.

Regarding this issue, José Fernando Sierra, an advisor to the DIAN, stated: "Filing a tax return means telling the country, the State, what I earned during the year. So, when you exceed those account movement limits, because your company deposits into one—let's not just talk about one in particular, but rather into an electronic wallet or a low-value account. Or when you exceed the limits because you move money from one to another within your three or two low-value accounts, you are obligated to file a return, to file your income tax return," he said.

(See more: Take note: 9 jobs that are paid in dollars and can be done from home) In this vein, the official stressed that at the time of filing an income tax return, an individual must report their actual income and the additional amounts impacted by their digital wallet, considering that the maximum amount to be reported is 65 million pesos per year.

"I'm going to declare to the DIAN that I'm a salaried employee and that the company pays me 2 million pesos a month in wages, right? So, my salary income, which would be a general tax return, employment income, was 24 million pesos. And from those 24 million pesos, I have the right to deduct non-constituent income, such as what I pay for healthcare and pensions, which I have a 25% exempt income, right? I have a dependent, my newborn son. So, I'm going to deduct those 24 million," he added.

It's important to note that being required to file an income tax return is not related to paying taxes on the securities supplied by a taxpayer. What is the process for filing income tax returns in Colombia?

The Ministry of Justice, through its website, highlighted the procedure citizens must follow to declare all their expenses:

1- The first step will be to enter the official Dian website at the following link:

https://www.dian.gov.co.

2. Then, you'll need to find the "Registered User" section at the top and tap " I accept the terms and conditions" and then click "Continue." Keep in mind that you'll need to enter your personal information, including your ID and password, after selecting the "In your own name" option. (See more: The 9 official and basic requirements for successfully obtaining Spanish nationality.)

3- Later, in the “Highlights of the month” menu, you will see the option that indicates: “Consult exogenous information”, a section where you will see the information recorded by your employer and banking entities about your expenses.

Click "Complete and submit Form 210" to immediately continue the process with the "Income and supplementary tax return for individuals" option. Once the page loads, you must select the year and tap Create to begin your return.

(See more: It's beautiful: the Colombian village nominated for Best Tourism Village 2025) 4- When you have completed this entire process, you can save the draft and go to the entity to pay if applicable.